Category : Business and economicsPublished on: December 08 2025
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The Reserve Bank of India has broadened access to gold metal loans (GML), allowing banks to lend to a wider range of jewellers—including those not engaged in in-house manufacturing—under guidelines effective April 1, 2026.
The revised norms update the Master Direction on Import of Goods and Services and the Gold Monetisation Scheme.
Banks importing gold may now offer import-linked GML to entities that manufacture or sell jewellery domestically or for export.
Non-manufacturing jewellers may borrow if they outsource work to registered artisans or goldsmiths.
RBI has also allowed GMS-implementing banks to extend GML to MMTC for minting India Gold Coins (IGCs).
